Recorded Webinar: GST-Free Going Concerns and Property Development

Thursday 16th June 2016

Duration: approx 2 hours

About the webinar

When will a property development be a going concern? This presentation focuses on the issues that trip people up in practice, including:

  • Criteria for the GST exemption for sale of a going concern
  • What is a supply of a going concern?
    • when is a property development an enterprise for the purposes of GST?
    • supplier carries on enterprise until date of supply
    • supply of all things necessary for continued operation of enterprise
  • Common issues:
    • is a development approval enough to establish a going concern?
    • how are partially-completed developments treated?
    • is the sale of property that is leased the supply of a leasing enterprise?
    • what happens if a development can’t be leased?
    • what about a property that can’t be sold so is leased instead?
  • Lessons from recent cases:
    • South Steyne Hotel Pty Ltd
    • MBI Properties Pty Ltd
  • Questions to consider:
    • what is actually being bought/sold?
    • how would GST apply to the transactions but for the going concern exemption?
  • Ensuring that the contract deals with potential problems if the intended GST outcome does not eventuate

Who should attend

This webinar is suitable for accountants and lawyers advising on GST – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

Anna Wilson, Barrister, Victorian Bar, Melbourne

Anna Wilson specialises in taxation law in both State and Federal jurisdictions. Her practice extends to advice in tax and structuring matters, assisting clients with tax investigations and audits, applying for private rulings, preparing objections to taxation assessments, through to tax litigation and negotiations with the ATO and Offices of State Revenue. Anna is also developing a practice in tax and white-collar crime.

Anna has extensive experience as a tax specialist in large law firms having worked for over 10 years with Norton Rose Fulbright, including 15 months in Munich, Germany and two years with Gadens in Melbourne. She commenced her legal career working mainly in property law before concentrating on tax from 2008.

Product Code: WBOJUN16
 Price:  $242.00 (Inclusive of GST)
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